While the sale of existing US homes fell at the sharpest rate on record in December, when compared to the prior month, sales for the entire year increased almost five percent from 2008 levels. Despite the increase in 2009 sales, prices dropped by 12.4% from 2008 in what is probably the sharpest annual decline since…
Population growth king for 2008-09 is the mighty Texas, second most populous state in the US, which grew by almost half a million and accounted for 18 percent of the nation’s total population growth.
While the nationwide housing market is certainly important, especially as it significantly effects the overall economy, of substantially greater import are conditions of the local housing market; which we track closely. An increasing number of reports from around the country, and from Western Europe, are beginning to filter in which suggest that the worst of…
The Federal Home Loan Mortgage Corporation has provided potential home buyers with another compelling reason to get off the fence and buy a home, as they reported last week that mortgage rates have hit an all-time historic low rate. The average mortgage interest rate for 30-year fixed-rate mortgages dropped to an all-time record low of…
The National Association of Realtors reported positive news on the housing front at the beginning of the month. The realtor group’s Pending Home Sales Index rose for the seventh straight month in August. While encouraging, the fate of a housing market recovery is more than likely now in the hands of the broader economy. With…
Dallas home prices may be down 4.5 percent when comparing D-FW’s February home prices to the same period last year, but Dallas is still faring better than the rest of the nation, according to Standard & Poor’s latest S&P/Case-Shiller Home Price Indices. S&P’s latest report also indicates Dallas home prices in February dropped 0.3 percent…
OBAMA DESTROYING HOME MORTGAGE INTEREST DEDUCTION…and housing recovery right along with it. For as long as I (or anyone else) can remember, the home mortgage interest deduction has been a sacred cow in the tax code. In fact, it has helped to drive demand for home ownership and demand for housing, along with it, for…
The Senate voted overwhelmingly Wednesday night to provide new home purchasers with the largest tax break of its kind ever in US history. The bill, designed to buoy the ailing US housing industry, provides a Federal Income Tax Credit to all home purchasers. Henceforth, 10% of the purchase price of their new home – with…
Remodeling & Real Estate Reviews 
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